Candle Pattern: N/A
Trend: up
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1.0
Stochastic: over-sold
MACD Histogram: contracting up
200SMA: above
BB: n/a
Pivot Point: S1
Elliot Wave:
Currently in correction from wave 5 completion.
Correction A might be completed and looking for a move to Correction BB
Notes:
Entry placed at the .764 level near the S1 pivot point
stochastic showing oversold zone
macd histogram showing momentum slowing to the downside and momentum picking up to the upside. mutiple lower range crossovers happening
TP Goal around 40 pips but will let it ride as far as possible to point B
What can go wrong:
the current downside move to point A could continue further past my estimates and SL.
Fed rates news could mean more volatility than my SL can handle
Trend: up
Trend Entry: with
TP/SL Ratio Target: 2 to 1
Target TP PIPs: 40
SL PIPS: 20
Fib Entry: .764
Fib TP: 1.0
Stochastic: over-sold
MACD Histogram: contracting up
200SMA: above
BB: n/a
Pivot Point: S1
Elliot Wave:
Currently in correction from wave 5 completion.
Correction A might be completed and looking for a move to Correction BB
Notes:
Entry placed at the .764 level near the S1 pivot point
stochastic showing oversold zone
macd histogram showing momentum slowing to the downside and momentum picking up to the upside. mutiple lower range crossovers happening
TP Goal around 40 pips but will let it ride as far as possible to point B
What can go wrong:
the current downside move to point A could continue further past my estimates and SL.
Fed rates news could mean more volatility than my SL can handle